Eurozone banks must prepare for ‘more volatile funding sources’, ECB says

Trump: Former US president Donald Trump will speak at an Iowa caucus event in Waterloo as he seeks victory in the first state to vote in the Republican primaries.

FedEx: The US parcel delivery group, considered an economic bellwether, is expected to report lower revenue for its latest quarter, compared to a year earlier, but post stronger earnings of $3.94 a share, up from $3.07.

Housing starts: New residential construction in the US is expected to have fallen slightly to an annualised rate of 1.36mn homes in November, down from 1.37mn in October.

Fedspeak: Raphael Bostic, president of the Federal Reserve’s Atlanta branch, will participate in a fireside chat at the Harvard Business School Club of Atlanta. Bostic, who will be a voting member of the Fed’s interest rate-setting Federal Open Market Committee next year, has tried to damp market speculation about imminent rate cuts.

Biden: US president Joe Biden will deliver remarks at a memorial service for Sandra Day O’Connor, the first woman to sit on the Supreme Court.

Via

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